What the hell?
You're talking about a country that as late as 2015 had unconverted "Germans Still Hoarding Old Deutschmarks (€6.6 Billion Worth)" 'just in case'.
From finNews, June 8:
In a country where cash has been king for decades, Deutsche Bank will stop allowing customers to pick up cash at its counters.
There is a German adage that «Geld Stinkt Nicht,» which translates into «money doesn't stink,» and helps to explain the country's strong, and perhaps a stereotypical, preference for cash over the years. Deutsche Bank is seeking to change that, according to a report in the Frankfurter Allgemeine Zeitung «FAZ» (in German) on Wednesday.
In tapping into another German trait, that of frugality, Lars Stoy, who heads domestic retail banking operations of Germany's largest commercial bank said at an investor conference that «In the future, I don't want to offer cash in the branches anymore, because holding cash incurs costs.»
While not specifying a timeline for the changes, Stoy said that cash would only be offered in a few large centers and that generally, he wants to further reduce the number of branches in Germany.
Return to Profitability«The main task of the branch is sales» along with "advising customers on investments, mortgages, to a certain extent on consumer loans and insurance.» Once that is the case, then the branches will be profitable again, Stoy said....
....MUCH MORE
"Geld Stinkt Nicht" Is it any wonder that German is known as the language of love?
On a more serious note, if Deutsche Bank wanted to practice frugality they could stop getting busted for their criminal pursuits- note I didn't stop period, I think criminality is in their genes - but stop getting caught. Criminal and stupid is a bad combination.
Here's Deutsche-Welle in 2020 with some selected instances, there have been at least three more since then:
Deutsche Bank's biggest scandals
Sort of a Wells Fargo but on a bigger stage. [long way for the play-on-words, banker style. I apologize]
